#StablecoinLaw What does the stablecoin law consist of? If it becomes law, the project would require that tokens be backed by liquid assets, such as U.S. dollars and short-term Treasury bills, and that issuers publicly disclose the status of their reserves on a monthly basis.

The law closes a long-standing regulatory gap in the issuance of payment stablecoins and the custody of stablecoin reserves and aims to strengthen consumer protection, promote responsible innovation, and reinforce the position of the U.S. dollar as the world's reserve currency.

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